July 18, 2002

The circle of deception continues: Investors blame analysts for stock
losses who blame investment bankers for bringing bad deals who blame
boards for no oversight who blame CEOs for greedy stock option plans who blame their CFOs
for deceptive reporting who blame the accountants for the gray areas
who blame politicians for agreeing to fuzzy rules who get voted out of
office by investors. What’s lost in this shuffle is the single
greatest and fairest capital allocator ever invented, the stock market.